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United Kingdom - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
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United Kingdom: Woolen Yarn Market Overview 2021

Woolen Yarn Market Size in the UK

The UK woolen yarn market contracted remarkably to $X in 2020, falling by -X% against the previous year. Over the period under review, consumption recorded a pronounced decrease. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Woolen yarn consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Woolen Yarn Production in the UK

In value terms, woolen yarn production fell slightly to $X in 2020 estimated in export prices. Over the period under review, production recorded a noticeable decrease. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Woolen Yarn Exports

Exports from the UK

In 2020, overseas shipments of yarn of wool decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, woolen yarn exports plummeted to $X in 2020. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Ireland (X tonnes), Portugal (X tonnes) and Finland (X tonnes) were the main destinations of woolen yarn exports from the UK, together accounting for X% of total exports. These countries were followed by Poland, Belgium, the U.S., Italy, Lithuania, Norway and Denmark, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woolen yarn exported from the UK were Italy ($X), Finland ($X) and Ireland ($X), together accounting for X% of total exports. These countries were followed by Portugal, the U.S., Poland, Belgium, Norway, Lithuania and Denmark, which together accounted for a further X saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average woolen yarn export price amounted to $X per tonne, growing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to Poland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Denmark, while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into the UK

Woolen yarn imports into the UK reduced sharply to X tonnes in 2020, which is down by -X% against 2019. Over the period under review, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, woolen yarn imports shrank sharply to $X in 2020. In general, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

Italy (X tonnes), Denmark (X tonnes) and Spain (X tonnes) were the main suppliers of woolen yarn imports to the UK, together comprising X% of total imports. These countries were followed by India, Germany, Lithuania, Hungary, Bulgaria, Turkey and Portugal, which together accounted for a further X 2007 to 2020, the biggest increases were in Hungary, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of woolen yarn to the UK, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Italy stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Spain (+X% per year).

Import Prices by Country

The average woolen yarn import price stood at $X per tonne in 2020, which is down by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Lithuania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yarn of wool in the world?
+
China (281K tonnes) constituted the country with the largest volume of woolen yarn consumption, comprising approx. 32% of total volume. Moreover, woolen yarn consumption in China exceeded the figures recorded by the second-largest consumer, India (51K tonnes), fivefold. Indonesia (47K tonnes) ranked third in terms of total consumption with a 5.3% share.
What are the largest producers of yarn of wool in the world?
+
China (303K tonnes) remains the largest woolen yarn producing country worldwide, accounting for 34% of total volume. Moreover, woolen yarn production in China exceeded the figures recorded by the second-largest producer, India (57K tonnes), fivefold. Italy (50K tonnes) ranked third in terms of total production with a 5.6% share.
What are the leading suppliers of yarn of wool to the UK?
+
In value terms, Italy ($37M) constituted the largest supplier of woolen yarn to the UK, comprising 27% of total imports. The second position in the ranking was occupied by Germany ($16M), with a 12% share of total imports. It was followed by Spain, with a 11% share.
What are the leading importers of yarn of wool from the UK?
+
In value terms, the largest markets for woolen yarn exported from the UK were Italy ($14M), Finland ($8.5M) and Ireland ($7.1M), together comprising 42% of total exports. Portugal, the U.S., Poland, Belgium, Norway, Lithuania and Denmark lagged somewhat behind, together accounting for a further 30%.
What is the average export price for yarn of wool in the UK?
+
In 2020, the average woolen yarn export price amounted to $15,762 per tonne, jumping by 28% against the previous year.
What is the average import price for yarn of wool in the UK?
+
In 2020, the average woolen yarn import price amounted to $10,602 per tonne, shrinking by -1.9% against the previous year.

Product coverage:
• Prodcom 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
• Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
• Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.

This report provides an in-depth analysis of the woolen yarn market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• United Kingdom

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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